Dear BitTap Users,
We are pleased to announce that BitTap will officially launch the BCHUSDT perpetual contract trading pair on May 23, 2025 (UTC+8). This contract supports both long and short positions, with leverage of up to 50x. We warmly invite all users to participate and experience flexible and efficient derivatives trading.
Launch Schedule:
Contract Trading Start Time: May 23, 2025 (UTC+8)
Contract Product Information
Trading Pair: BCHUSDT Perpetual Contract
Underlying Asset: BCH
Quote Asset: USDT
Supported Network: Bitcoin Cash
Maximum Leverage: 50x
Funding Rate Mechanism: Settled every 8 hours
Trading Mechanism: USDT-margined, perpetual contract, supports bi-directional trading
Project Introduction: BCH
BCH （Bitcoin Cash）originates from the well-known NFT project Pudgy Penguins. Launched in 2021, Pudgy Penguins quickly rose to prominence as one of the iconic projects during the early NFT boom. It gained widespread attention with coverage from major media outlets like The New York Times and CNBC.
As its influence grew, Pudgy Penguins became one of the most cohesive communities in the Web3 space and evolved into a global cultural phenomenon. The penguin character entered millions of households, with its toys and derivatives gaining worldwide popularity. With over 50 billion views across social media and millions of dedicated fans, PENGU has grown beyond a token — it is now a cultural icon and emotional symbol in the crypto world.
Key Metrics (Data Source: CoinMarketCap, as of May22, 2025):
Current Market Cap: $8.263 billion
Fully Diluted Market Cap: $8.731 billion
24h Volume/Market Cap Ratio: 4.76%
Market Dominance: 0.24%
All-Time High: $4,355.62 (December 20, 2017)
All-Time Low: $75.08 (December 15, 2018)
Underlying Blockchain: Bitcoin Cash
Circulating Supply: 19.8729 million
Total Supply: 21.0000 million
Max Supply: 21.0000 million
Circulation Rate: 94.63%
Market Cap Rank: No. 18
Risk Warning:
BCH is a highly volatile digital asset whose price may be influenced by market sentiment, regulatory developments, DeFi market performance, and other factors. Derivatives trading involves high leverage and high risk. Please assess your risk tolerance carefully and set appropriate take-profit and stop-loss levels.
Thank you for your continued support and trust in BitTap!
BitTap Team
May 22, 2025